April 22, 2025|
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|8 months agoSwiss Insurance Giants Unite: Helvetia and Baloise Announce Historic Merger
Major consolidation in Swiss insurance sector as Helvetia and Baloise merge to create country's second-largest insurance group with 20% market share and projected synergies of CHF350 million.
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Generated IllustrationKey Takeaways
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- Helvetia and Baloise have announced a merger to form a new entity named Helvetia Baloise Holding Ltd.
- The merged entity will become the second-largest insurance group in Switzerland.
- The new company will stand as the largest employer in the Swiss insurance sector.
- Operations will span across eight countries.
By The Numbers
20%
Combined market share
CHF 350 million
Projected annual synergies
CHF 20 billion
Combined business volume
20%
Projected dividend capacity increase
They Said
"The new company will be called Helvetia Baloise Holding Ltd."